This article will take you through the new protocol for the recent Bitcoin asset issuance

I. Rune.Alpha

The reason why Rune Alpha has been able to become popular is mainly due to the concept of “runes”, which has been highly discussed recently. The concept and origin of “runes” have been introduced in previous tweets, so here is a brief introduction.

The concept of “Runes” was originally proposed by Casey and has gained renewed attention due to the opposition to “Inscriptions” by Luke, the core developer of BTC Core. One essential difference between “runes” and “inscriptions” is that “runes” are stored in UTXOs, while “inscriptions” such as Ordinals-based BRC-20 are JSON text that exists in SegWit data for Bitcoin Script.

Although the Rune Alpha we want to introduce here claims to be a “rune”, according to the Rune Alpha White Paper, it is a new inscription protocol based on version 0.11.1 of the ordinals protocol, which is not the same as the “rune” proposed by Casey. So Rune Alpha isn’t actually a “rune”, it’s just a “rune” in its name.

However, it doesn’t matter if it’s a real “rune” or not, Rune Alpha has successfully gained popularity, and you can be famous in the Crypto Community, but you definitely can’t be famous. The first Token $cook of the protocol cost around a dozen U to be minted, and the OTC price has risen to 400 U at the moment, and there is no trading market yet.

II. CBRC-20

CBRC-20 is an efficient meta-protocol standard proposal developed by Ordinals for fungible tokens on Bitcoin. By leveraging the new metadata and metaprotocol fields introduced in ord 0.10+, which allow arbitrary properties to be stored directly inside the Inion envelope, CBRC-20 maintains the same functional logic of the BRC-20 metaprotocol while dropping the cost per inscription and simplifying the indexing process.

Since the CBRC-20 is an upgraded version of the BRC-20, what optimizations did he achieve?

• Crediting costs dropped

Deploying, minting, or transferring any CBRC-20 Token can be done simply by inscribed the number “0” on the Token. As a text file, the cost of inscriptions is dropped by a factor of 10 compared to other meta-protocol ordinal Token standards.

• Simplified indexing

CBRC-20 provides an easy way to index CBRC-20 meta-protocol status, as all information is available directly in the envelope of each inscription.

• Flexibility of MIME data

The CBRC-20 standard allows the use of any MIME data to deploy, mint, or transfer CBRC-20 Tokens. Example: Giving instructions to Token simply fills in “0”, which is 10 times drop more expensive than other Ordinals meta-protocols as text content.

• Compatible with later versions of the Ordinals protocol

Unlike the BRC-20, which is limited to Ordinals version 0.9 features, CBRC-20 can take advantage of the latest features introduced in Ordinals version 0.10 and later.

At present, the CBRC-20 team has not developed its own market, but has made its own Token live on the trading market through various clever methods.

• One is the direct online inscription SWAP through RuneX;

• The other is to change the Unisat through the oil monkey explosion, and directly force the Unisat to be put on the shelves. The inscribed transfer inscriptions are all cbrm collections, and the founder made an oil monkey plug-in, which can directly read the inscription information on Unisat, and then you can see which inscription it is.

In addition to the above two trading markets, the community spontaneously made a trading market for CBRC-20 Tokens, and attached CBRC-20 Tokens to BRC-20 Tokens, carrying out a similar “Trojan Horse” method to launch CBRC-20 Tokens on Unisat, but the method is experimental in nature and has no guarantee for the safety of assets.

Recently, the founders started an OSMOSIS experiment and deployed the first meta-protocol inscription $SYMM. What do you mean by “meta-protocol” and “cross-indexing”?

“Meta-protocol” is a term used by the Ordinals community to describe an interoperable “protocol.” Formalized through off-chain indexing of on-chain information (e.g., BRC-20, SNS, Bitmap, etc.).

Due to the non-overlapping nature of the two BRC/CBRC meta-protocols, it is possible to complete the deployment/minting/transmission of the two meta-protocols at the same time. If the holder holds both, the $SYMM in the hand is “valid”. The picture below shows a 2-in-1 $SYMM inscription, and the left picture is an inscription.

At a glance, CBRC-20 is like a “Trojan horse”, using CBRC-20’s inscription method to engrave the inscriptions of multiple protocols at the same time, thus carrying out some degree of “Vampire Attack” on other protocols. Like the Trojan horse that the creators often tweeted, CBRC-20 achieved a “backdoor listing”.

3. BTNS

Broadcast Token Naming (BTNS, Broadcast Token Naming System) is one of the early holders and development members of the BTC @jdogresorg, building an ecosystem on the BTC main chain. The basic idea is to make it possible for BTC to release its own on-chain native asset tokens and Non-fungible Tokens by transmitting additional broadcast signals on the BTC chain, using records on the Blockchain as the basis for data, and using ledger indexing as a means.

BTNS-420 is @jdogresorg a Token protocol standard that integrates multiple ecological characteristics such as asset release and transfer built on top of BTNS, and the emergence of BTNS-420 makes the idea of BTNS possible.

What is the difference between BTNS Token and inscriptions and runes?

• First of all, the Token assets of the BTNS ecosystem have not changed and occupied BTC, which is more in line with the weather vane of the BTC ecology. Inscriptions and runes rely on the BTC currency itself for storage, which creates a large amount of BTC Token occupation and waste of resources. Although the index is built by @jdogresorg, all broadcast data is Block stored with the transaction information of BTC, which is completely transparent and open and queryable, and the existence of the index is more to limit and track the total amount of assets, rather than a centralized index that will index whoever wants to index.
• BTNS does not have any potential risks, because BTNS has been completely open source, and all infrastructure construction is based on the features and functions of BTC itself for extended development, without major controversial discussions.

What value does BTNS bring?

• BTNS makes it impossible to release assets based on the BTC main chain, and completely relies on the characteristics of BTC itself, and its release allows BTC to build all assets without loss. With more refinement, it is very likely to turn BTC into a fully playable, environmentally friendly mainstream ecological chain (note that it is an ecological chain, not a value coin)
• BTC congestion issues brought about by the recent inscription rune revolution. The author believes that if BTNS is introduced to build an ecosystem, its own framework and upgraded Token protocol allow Airdrop, fair indexing (referring to prescribed or specific instruction indexing) and other methods, so that assets are no longer grabbed on a first-come, first-served basis, and gas is on a first-served basis, which is a fairer choice of acquisition methods, such as registration AddressAirdrop, regulations Block restrictions, and even low-gas transaction indexing

According to the community, @jdogresorg is on vacation and has suspended development work, which is indeed the case at the moment judging by its Twitter update. Therefore, the market that should have been developed has not made progress so far.

Summary

The above is the recent introduction of the new Bitcoin protocol, in which Rune Alpha and CBRC-20 have not departed from the concept of inscriptions, both are based on an asset issuance method of Ordinals, but CBRC-20 has done a better job in innovation, making it possible to mint inscriptions of multiple protocols at the same time. BTNS is conceptually larger than these two, BTNS belongs to the category of meta-protocols, and Rune Alpha and CBRC-20 both belong to “layer 2 protocols (refers to standards or protocols developed based on the original protocol of Ordinals)”, and BTNS in the form of “broadcast” so that the asset issuance on Bitcoin no longer occupies Bitcoin (here is not to evaluate the advantages and disadvantages of occupancy).

Related Websites:

Rune Alpha Official Website:

CBRC-20 Official Website:

Refer to the article

1. BRC-20 White Paper

2. CBRC-20 White Paper

3.Casey Rodarmor’s Blog

4. Rune Alpha White Paper

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